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9 Cards in this Set

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Protection against living too long and running out of money.
Annuity
If an insurance company guarentees the investor that it will pay a specified, pre-determined amount of monthly payout the contract is a ______
annuity
Fixed
A _________ annuity is nothing more, in concept, than a tax-deferred mutual fund.
variable
the maximum sales charge on a variable annuity is _____% and lasts for the first ____ years.
8.5%

12
One need not formally retire to begin to receive annuity benefits. that can be done any time the investor chooses, but alsways after the age of ____ to avoid the _____ % premature withdrawal penalty.
59 1/2

10%
When an annuitant receives some fixed amount plus a variable amount of income this annuity is called a ___________ annuity.
Combination
The section of the IRS code permiting employees of certain charitable organizations and public school systems to establish tax-sheltered retirement programs which may be funded with annuities and mutual fund shares.
Section 403(b) plan
AIR stands for?
Assumed Interest Rate
The ________ plan gives retirement plan benefits to self-employed individuals and their employees.
Keogh
(H.R.10)